FIOCCHI ANNOUNCES THE ACQUISITION OF BASCHIERI & PELLAGRI
The merger of these two companies grows the position of these companies as the European leader of the hunting and shooting segment, but also provides a vertical integration to the group which will guarantee considerable synergies and a significant competitive advantage.
At the date of the closing, the group will have 3 manufacturing plants located in two continents, with an unrivalled footprint in the sector: the historical manufacturing plant of Fiocchi in Lecco, the hunting and shooting center of excellence of Baschieri & Pellagri in Marano di Castenaso and the manufacturing plant of Fiocchi of America in the United States (part of another recent and important expansion of the Fiocchi company). Thanks to Fiocchi’s considerable international commercial network the newborn Fiocchi – Baschieri & Pellagri represents a more than 200M€ group, with more than 800 employees.
“We are happy to announce this highly strategic operation. Both companies have a unique historical heritage, strong R&D departments, and are appreciated worldwide by the most demanding hunters and shooters. The merger of the two companies will strengthen these unique features and will grant a solid advantage for our shooters competing on the world stage” said Maurizio Negro, CEO of Fiocchi Munizioni, who also added “Fiocchi has a profound admiration for Baschieri & Pellagri, for their history and for the people who made it possible to become a respected company. I’d like to thank the teams of the two companies who worked relentlessly, despite the difficult situation caused by the pandemic, to make this happen and that from now on will cooperate to integrate them and reach the highest potential generated from this merger”.
Stefano Fiocchi, President of Fiocchi Munizioni, said: “This operation writes an important page in the history of Fiocchi Munizioni. We are extremely happy to welcome Baschieri & Pellagri in our group and are conscious that it will give a significant contribution to the growth of the group. From the merger of these two great heritages we will see the birth of a new company, that will become a leader in its segment. I wish both teams the best”.
“Fiocchi represents the best partner for Baschieri & Pellagri: both companies have established a solid industrial footprint and at the same time a strong brand positioning coupled to a heritage built on excellence, innovation, credibility and great results. I am sure that this new chapter in the history of Baschieri & Pellagri and Fiocchi will bring both companies to the next level and allow them to achieve new and important goals leveraging the heritage and the coveted “Made in Italy” mark. Moreover I am happy to see that the manufacturing center of Marano di Castenaso will be further strengthened to become the center of excellence for hunting and shooting, and thus continue the great tradition of Baschieri & Pellagri in these segments” said Giovanni Ghini, Vice-president of Baschieri & Pellagri and reference shareholder.
Established in Lecco in 1876, Fiocchi is a global leader in small caliber ammunition production with premium positioning, mainly addressing the civil market. The Company is recognized worldwide for its strong innovation capabilities, including lead free and green technologies. Thanks to a unique historical heritage, Fiocchi is renowned on the world stage for its reliability and high performance with more than 15 Olympic titles in biathlon, trap and double trap, as well as numerous world and national titles.
For more information: www.fiocchi.com
Established in Marano di Castenaso in 1885, Baschieri & Pellagri is an historical Italian manufacturer of hunting and shooting super premium shotshells. During its long history, the company has always been a reference for the quality of its products, today sold worldwide, and for its advanced technological solutions in the segment, powders in particular.
For more information: www.baschieri-pellagri.com